-Refer to the above figure. Demand will be unit-elastic when quantity is between
A) 0 and A.
B) 0 and B.
C) A and B.
D) B and C.

Name: -Refer to the above figure. Demand will be unit-elastic when quantity is between A) 0 and A. B) 0 and B. C) A and B. D) B and C.
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Question

-Refer to the above figure. Demand will be unit-elastic when quantity is between
A) 0 and A. 
B) 0 and B. 
C) A and B. 
D) B and C.

Quizplus · Accepted Answer

Demand is unit-elastic in the range where the total revenue (price times quantity) is maximized, which occurs between points A and B on the demand curve.

-Refer to the Above Figure